Shifting sands in property development

SINCE the tabling of the 13th Malaysia Plan (13MP), the property sector has been in the news for the wrong reasons, with two key proposals expected to be game changers for the market.

First, under the 13MP, the government has proposed replacing the current sell-then-build (STB) model with the build-then-sell (BTS) concept, which will alter the market’s demand and supply equilibrium.